Digital trends in the oil and gas industry: Digital Oilfield
Over the past few years, the face of the industry has begun to change, and the opinion of Digital Oilfield has shifted. Has it delivered what it set out to? What's the alternative? Does digitalisation have a place in the oil and gas sector?Read our review
Over the past few years, the face of the industry has begun to change, and the opinion of Digital Oilfield has shifted. Has it delivered what it set out to? What's the alternative? Does digitalisation have a place in the oil and gas sector?
Digital Oilfield was one of the most promising digital trends in the oil and gas industry in the last decade and a half, offering improvements in automation and integration that would deliver real value in cost savings and increased production.
With collaboration becoming increasingly popular throughout the industry, Digital Oilfield seems to have taken a backseat and allowed Digital Transformation to takes the wheel.
Explore what Digital Oilfield was meant to accomplish and whether organisations who believed and invested in it should begin looking for different means to achieve their goals.
Unfortunately, 66% of companies stated they were not culturally prepared to adapt.
It does not appear that much of this early promise has been realised across the industry, and the focus has sometimes been on technical innovation that is often disconnected from business benefit.
This subject has not been associated with a clear and unequivocal set of goals that could produce real and dramatic performance improvement.
In this review, we outline digital trends in the oil and gas industry. EnergySys Managing Director, Dr Peter Black, explores whether the concept actually exists, and if we should be focusing elsewhere in order to improve performance and boost profits.
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